Steel Mills
Nucor holds the line on published HR spot price
Written by Laura Miller
December 17, 2024
Nucor said on Monday its spot base price for hot-rolled (HR) sheet this week will again be $750 per short ton.
The company has kept its weekly HR coil consumer spot price (CSP) at that level since Nov. 12.
Likewise, the weekly spot base price for HR from California Steel Industries (CSI) is unchanged this week at $810/st, Nucor said. CSI is a joint venture of the Charlotte, N.C.-based steelmaker and JFE Steel.
Buyers reported HR coil spot prices ranging from $650-700/st in SMU’s Dec. 10 market check. Last week’s average of $675/st, FOB mill East of the Rockies, was down $5/st from the previous week.
You can track mill pricing announcements using the calendar on our website.
Laura Miller
Read more from Laura MillerLatest in Steel Mills
Nucor profits jump in Q3, but company cautions on Q4 outlook sequentially
Nucor’s profits more than doubled in the third quarter year over year, but the company expects Q4’25 to be lower sequentially.
SDI announces proprietary low-carbon EDGE products
Steel Dynamics has announced lower-embodied-carbon steel products BIOEDGE and EDGE, and expects “immediate interest” from several markets for some of the offerings.
Wheeling-Nippon Steel raises Galvalume coating extras
The steelmaker released updated extras to customers on Oct. 15, marking the second adjustment in just six weeks following their early September revision
Cliffs offloading some FPT assets, considering HBI plant sale as well
Lourenco Goncalves confirmed that Cleveland-Cliffs is actively selling off portions of its Ferrous Processing and Trading (FPT) assets. Its direct reduction plant in Toledo, Ohio, may also be up for grabs...
SSAB cites US strength but flags tariff-driven uncertainty
The Americas segment of Swedish steelmaker SSAB delivered a stable third quarter, but with weaker shipments and continuing cautious demand. Plate prices held, but tariffs, slowing end-user demand, and...